Fender's final approach to retirement.

[rnsmth]

(04-30-2022, 08:11 AM)fenders53 Wrote: Good for you!!

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I haven't updated this for awhile....

Had my 59 1/2 birthday last weekend.  I can now withdraw from IRAs penalty free.  I will do so this week.  I hate to touch the accounts but pension checks are still six months away.  

What a scary market time to retire!  My timing has always been mediocre.  Out of self preservation I lightened up on equites months ago on every brief market run that brought my stocks up.  I sell a LOT of puts with strikes WAY out of the money most of the time.  That has been very effective so far.  Sure beats getting crushed like I would have holding all my stocks through this beat down.  

I hate staring at a computer monitor so much, but it pays 5X my HD pay so this is my life for a few more months. I opened 167 option contract sales in March.  It workedout wonderful with the volatility but it was work.  I can make it less complicated when I choose to, and spring is coming soon so I can play outside.